Bullish on sugar stocks: Amit Goel

Amit Goel, Director, PACE Stock Broking Services in an interview with ET Now talks about sugar sector stocks.

A call on the sugar space?

We have been very bullish on sugar. In fact I have been recommending Shree Renuka Sugars and Bajaj Hindustan on your channel now for at least the last couple of months.

They have already run up by 20% and I still have a long term buy rating on these stocks. If one holds on for another 6 months, one could see prices moving up by another 20% to 30% from here. So sugar stocks are looking extremely positive and particularly, the best of the lot Shree Renuka Sugars and Bajaj Hindustan are looking the best.